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general:balancing_on-behalf_amounts
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Balancing On-Behalf Amounts
The following calculations are based on the Payroll Earnings Register (for all frequencies).
Expected On-Behalf Amount Calculation
Total TRS Gross x TRS Rates (State 6.644% + TRS-Care 1%) = Expected On-Behalf Amount
| Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5) | multiplied by TRS Rates (State 6.644% + TRS-Care 1%) | Expected On-Behalf |
| $5,013,152.85 | x .07644 | = $383,205.40 |
Difference Calculation
Expected On-Behalf Amount - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference
| Expected On-Behalf Amount | minus Statutory Minimum (TRS 373/HRS4000) | Difference |
| $383,205.40 | - $75,377.63* | |
| minus Federal TRS (TRS 3)* - $31,599.72 | ||
| minus Federal TRS-Care (TRS 489)* - $4,771.00 | ||
| minus New TRS Member Pension Contribution - $1,419.26 | ||
| minus Actual TRS On-Behalf Report (HRS4150) - $270,038.07 | ||
| = ($0.28) |
Small differences can be attributed to rounding.
For additional information regarding TRS On-Behalf, go to the TEA website at: www.tea.state.tx.us/school.finance/audit/resguide12/far/far-91.html#P4151_336554.
* This amount should not include the child nutrition amount.
general/balancing_on-behalf_amounts.1514949780.txt.gz · Last modified: 2018/01/02 22:23 (external edit)